Việt Nam News

Việt Nam is forecast to be the fastest growing convenience stores market in Asia by 2021, according to new data released by international grocery research organisation IGD.

With their limitations in terms of capital, management, technologies and brand building, Vietnamese small and medium-sized enterprises need support to stay afloat amid the country’s global integration, according to the Việt Nam Retailers Association.

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Việt Nam (SBV) and other financial firms.

Việt Nam’s exports of wood and wooden products in the first quarter of this year hit US$1.78 billion, a year-on-year increase of 17.1 per cent, the General Department of Việt Nam Customs reported.

Southern Cần Thơ City has prepared a master plan to develop its mechanic sector by 2020 with a vision to 2030, with total investment of VND3.8 trillion.

Việt Nam and Iran have maintained close diplomatic relations, however, trade relations are not commensurate with the potential of the two countries, said the chairman of the Việt Nam Chamber of Commerce and Industry, Vũ Tiến Lộc, at the Iran-Việt Nam Business Forum held in Hà Nội on Thursday.

Vietnamese shares on Thursday retreated from short gains as investors remained cautious of potential risks in the world market.

About four out of five Vietnamese consumers are willing to spend more on food produced from materials labelled safe and environmentally friendly, according to a survey conducted by Nielsen Vietnam.

Hoàng Sơn Trading Investment Joint Stock Company will partner with Univergy Solar, a Spanish-Japanese joint venture, to develop a VNĐ2.6 trillion (US$118 million) solar power plant in the central province of Thanh Hóa.

The ministries of industry and trade and finance decided to raise retail petrol prices as of 3pm on Thursday.

More than 600 pavilions of 300 businesses from Japan, Malaysia, Thailand, Taiwan, South Korea, Indonesia, Singapore, China and Việt Nam displayed their products at the International Vietbuild Exhibition on Wednesday.

The Northern province of Hà Nam attracted four foreign direct investment (FDI) projects with a combined capital of US$29 million in the first quarter of this year, said Trần Xuân Dưỡng, director of the provincial Industrial Zones Authority (IZA).

A fair featuring farm produce and craft products from Vietnamese cooperatives is underway in Thống Nhất Park, Hà Nội.

The Ministry of Finance this year will have more solutions to improve further business environment and national competitive ability after gaining success in implementing Resolution 19/2016/NQ-CP to improving business environment.

Domestic enterprises with plans to invest in four key industrial sectors and two traditional fields will be offered low-interest loans worth up to VNĐ200 billion (US$8.8 million) for each project. 

The State Securities Commission (SSC) has endorsed the ceiling foreign ownership at the Việt Nam National Petroleum Group (Petrolimex) at 20 per cent as approved by the Prime Minister on the share issue to foreign strategic investors last year.

Việt Nam must reach a higher level of national and international branding on its path to economic and societal development. This was the consensus at a conference on green growth development strategy held yesterday in Hà Nội.

With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.